Using accounting data in cartel damage calculations: blessing or menace?

Johannes Paha

European Journal of Law and Economics, 2012, vol. 34, issue 2, 263 pages

Abstract: Standard methods for calculating cartel-damage rely on data of prices charged and quantity sold. Such data may not easily be available. In this paper, it is shown that accounting data can be used for computing a lower bound for cartel-damage. Previous literature indicates that economic profits can hardly be inferred from accounting data. Therefore, it is shown under which econometrically testable assumptions on accounting costs a meaningful lower bound for cartel-damage can consistently be estimated when using accounting data. However, the aggregation-level and the publication-frequency of accounting data pose a challenge to the estimation of cartel-damage. A further challenge is to appropriately reflect the strength respectively effectiveness of the collusive agreement in the specification of any such estimation. Copyright Springer Science+Business Media, LLC 2012

Keywords: Cartel damages; Accounting data; Collusion; Cartel prosecution; D43; L12; L13; L41 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10657-011-9253-8 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Using Accounting Data in Cartel Damage Calculations – Blessing or Menace? (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ejlwec:v:34:y:2012:i:2:p:241-263

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10657

DOI: 10.1007/s10657-011-9253-8

Access Statistics for this article

European Journal of Law and Economics is currently edited by Jürgen Georg Backhaus, Giovanni B. Ramello and Alain Marciano

More articles in European Journal of Law and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().